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IRS, Tax cut
The IRS released 2025 federal income tax brackets for 2024 income. What will yours be?
When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers.
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.
IRS Announces Higher Standard Deductions for Taxpayers in 2025
While the top tax rate of 37 percent remains unchanged, it will now apply to individuals earning more than $626,350 for single taxpayers in 2025, up from $609,350 in 2024. More From Newsweek Vault: Rates Are Still High for These High-Yield Savings Accounts
Committee for a Responsible Federal Budget
4h
IRS Estimates a $606 Billion Tax Gap for 2022
In its new report, the IRS estimates that: The gross tax gap was $708 billion for 2021 and $696 billion in 2022; after ...
Accounting Today
3h
IRS starts up pass-through compliance unit
A field operations unit, announced last fall, has started work in the Internal Revenue Service's Large Business and ...
1d
on MSN
IRS Changes Tax Rules for 2025: Full List of Who's Impacted and How
In 2026, for the tax year 2025, the standard deduction got a $400 boost, making it $15,000 for single filers. Married couples ...
MyChesCo on MSN
8h
IRS Announces Reopening Plan for Reading Taxpayer Assistance Center
Representative Chrissy Houlahan (D-PA) has announced the Internal Revenue Service‘s (IRS) plan to fully reopen the Reading ...
1d
on MSN
Yellen touts IRS enforcement as helping close the budget deficit
Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by ...
2d
on MSN
IRS Feared 'Trump' Stimulus Checks Broke Law, Emails Reveal
IRS officials were concerned Economic Impact Payments that included Trump's name could have breached federal law.
1d
on MSN
2025 Tax Changes: IRS Updates Key Provisions
The IRS has unveiled significant inflation adjustments for tax year 2025, affecting standard deductions, tax rates and ...
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